Following the announcement of the McGraw-Hill breakup, Alex DeGroote, an analyst at Panmure Gordon, said the move suggested Reed should look at “material restructuring opportunities”.

Citing claims that some shareholders are dissatisfied with Reed management, he said: “This is unsurprising. Share price performance has been uninspiring. In absolute terms the share price is the same today as it was 11 years ago, whilst profits have doubled.  ”With that in mind, he argued that Reed should assess whether its main businesses might have different dynamics and be attractive to investors for different reasons – for example, the exhibitions business could be a viable stand-alone business with scope to consolidate a very fragmented industry.   Source:  The Telegraph UK